| Code: | GI205 | Acronym: | EC |
| Teaching Area: | Economics |
| Acronym | Study plan | Curriculum Years | ECTS | Contact hours | Total Hours |
|---|---|---|---|---|---|
| CTSPGI | Plano de Estudos_22 | 1º | 4 | 30 | 107 |
| Teóricas: | 31,00 |
Teaching - Hours
|
Descriptive summary of the curricular unit:
Economics as a science of the study of social phenomena, encompasses two major areas of knowledge that allow for a more in-depth development of its study: microeconomics and macroeconomics. This curricular unit covers contents essentially linked to the concepts of scarcity, production, goods and services, factors of production, supply and demand, balance and organization of markets, measurement of output, unemployment, inflation and macroeconomic balance.
Objectives and expected learning outcomes:
The main objectives of the curricular unit are based on explaining the behavior of consumers and producers, and the functioning of markets.
The contents taught will be able to:
- Sensitize students to the basic concepts of micro and macroeconomics
- Allow describing how markets work
- Allow understanding of business dynamics and strategies
- Allow understanding of large macroeconomic aggregates
Skills to develop
1. Prepare technical and specific documentation of the organization and production management
2. Apply negotiation techniques in different organizational situations
3. Demonstrate a capacity for permanent updating, both at a technical and technological level
4. Demonstrate decision-making ability
5. Demonstrate ability to manage and organize work
6. Adapt to the surrounding social and economic environment
1. Introduction to Economics
1.1 Basic concepts.
1.2 The fundamental economic problems of society.
2. Markets
2.1 Demand and supply.
2.2 Market equilibrium.
2.3 Elasticity of demand and supply.
2.4 Economic efficiency: consumer and producer surplus.
2.5 The role of the State in the market.
3. Consumer Theory
3.1 Budgetary restriction.
3.2 Consumer preferences and choices.
3.3 The income effect and substitution effect.
4. Theory of the Firm
4.1 Production Function and Productive Factors.
4.2 Income and Production Costs.
4.3 Market Structures and Strategic Behavior.
5. Macroeconomics: global view of Economy
5.1 Fundamental Concepts.
5.2 Main macroeconomics problems.
6. The Measurement of the Economic Activity
6.1 The Product and the national income.
6.2 Unemployment.
6.3 Inflation.
7. The Macroeconomic fluctuations and equilibrium.
7.1 Aggregate Supply and Demand.
7.2 The Monetary, Fiscal and Budgetary Policies.
The 1st objective "To make students aware of the basic concepts of micro and macroeconomics" is addressed in chapter 1 of the program, where the fundamental economic problems of society are identified.
The 2nd objective "Describe how markets work" is developed in the 2nd chapter, which characterizes market forces, demand and supply, and the role of the State.
The 3rd objective "Understanding business dynamics and strategies" is achieved in the 3rd and 4th chapters of the program which, on the one hand, explains consumer behavior in terms of their budget constraint and, on the other hand, characterizes the functioning and strategic decisions of companies.
Finally, the 4th objective "Understanding the large macroeconomic aggregates" is developed in chapters 6 and 7; the 6th chapter explains how to measure economic activity, while the 7th chapter analyzes the situation of macroeconomic equilibrium and explains monetary, fiscal and budgetary policies.
| Fernandes, A., Pereira, E., Bento, J., Madaleno, M. & Robaina, M. ;Introdução à Economia, 3ª ed., Edições Sílabo, 2021. ISBN: 978-972-618-878-0 |
| Fernando Araújo;INTRODUÇÃO À ECONOMIA VOLUME I - 4.ª EDIÇÃO INTRODUÇÃO E MICROECONOMIA, AAFDL EDITORA | IMPRENSA FDUL, 2021 |
| SAMUELSON, P. & NORDHAUS, W. ; Economia (19ª Edição), Mcgraw-Hil, Lisboa, 2012 |
| PINDYCK, R. & RUBINFELD. D.;Microeconomics (9th Edition), Pearson, 2017. ISBN: 978-0134184241 |
The contents of this curricular unit will be exposed mainly in theoretical-practical classes, which combine theoretical exposition with the discussion of practical cases and the resolution of application exercises. To this end, computer support means will be used, namely Microsoft Powerpoint software, to present the syllabus, and statistical data tables will be analyzed, both in computer and paper support and construction of representations example graphics. During the classes, students will always be encouraged to take a proactive stance of critical participation in the exposed contents and to present current issues for debate.
Avaliação distribuída com exame final
| Description | Type | Time (hours) | Conclusion Date |
|---|---|---|---|
| Attendance (estimated) | Lessons | 30 | |
| Work | Trabalho laboratorial ou de campo | 10 | |
| Evaluation/ Tests | Teste/Exame | 3 | |
| Self-study | Study | 64 | |
| Total: | 107 |
Written test I: 40%
Written test II: 40%
Group work: 20%
Submission through the e-learning platform (Turitin Database)
Pursuant to the General Regulation:
a) The effective presence of students in classes will be subject to registration and, if the number of absences per student exceeds 30% of the total number of contact sessions foreseen for each curricular unit, it will be automatically transferred to the final evaluation of the normal period;
b) In the written tests and in the defined assessment elements, it is necessary to obtain a minimum grade of 7.5;
c) If the student fails or obtains a classification lower than 7.5 in the tests or in the evaluation elements referred to in the previous number, he will be automatically transferred to the final evaluation of the normal season;
d) If the student fails or obtains a classification lower than 7.5 in the second written test (held on the same date as the final written test of the regular period) he may request registration for evaluation at the time of appeal;
e) All written academic works foreseen in the evaluation (reports, case studies, etc.) must be submitted in the Turnitin database, available on ISAG's E-Learning platform, with a similarity rate of up to 30% being acceptable.
Final Exam: 100%
The 1st objective presupposes the use of the Microsoft Powerpoint program to present theoretical content. The 2nd, 3rd and 4th objectives combine the theoretical exposition of slides using the same software, with exercises in the classroom, through worksheets made available to students a priori in "pdf" format.